Evening Stock Analysis

$CYN $CRXT $RDBX Evening Stock Analysis 04/21/2022

$CYN $CRXT $RDBX all made moves on 04/21/2022. Here is an analysis of the stock price action.
Published: 04/21/2022 4:43 pm
Updated: 04/21/2022 4:43 pm
#cyn #crxt #rdbx #stocks #stock review #stock price analysis #stock market #investing
April 2022 | Money Placement

Below is an analysis of the stock price action for Cyngn (CYN), Clarus Therapeutics (CRXT), Redbox (RDBX). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.

Cyngn (CYN)

CYN made a move to the upside premarket on some positive news. It broke through the 2.10 level causing a further move to nearly 2.45. After that it saw a retracement on lower volume with a few flushes, showing weakness. It will need to break VWAP and break the 2.10 level again for any moves to the upside, otherwise I break of 1.90 might lead to a further break down.

Shares: 25-50milCatalyst: Positive Company NewsATR: 0.10 - 0.25Time Frame: 1 Minute
CYN Daily Chart

Clarus Therapeutics (CRXT)

CRXT saw a bit of a continuation play today. It made a big retracement yesterday afternoon, but then saw some movement to the upside in premarket. There was not enough buying volume to sustain another move to the upside so it traded essentially flat all day, near the 2.28 and 2.1 levels. Those are the levels to watch for a possible break out or break down respectively.

Shares: 10-25milCatalyst: ContinuationATR: 0.25 - 0.50Time Frame: 1 Minute
CRXT Daily Chart

Redbox (RDBX)

RDBX gapped up on some positive news today. It was showing a bit of weakness in the premarket and early morning but slowly grinded to the 2.95 premarket level. A breakout then followed. It continued moving up and broke the 3.25 area which was a previous level of resistance. It didn't see enough sustained buying so it had a retracement back to the 2.95 level. It will need to break 3.25 again for any possible upside move, while a break of 2.95 might lead to a further break down.

Shares: 10-25milCatalyst: Positive Company NewsATR: 0.25 - 0.50Time Frame: 1 Minute
RDBX Daily Chart

Recap

CYNCRXTRDBX
Shares: 25-50milCatalyst: Positive Company NewsATR: 0.10 - 0.25Time Frame: 1 MinuteShares: 10-25milCatalyst: ContinuationATR: 0.25 - 0.50Time Frame: 1 MinuteShares: 10-25milCatalyst: Positive Company NewsATR: 0.25 - 0.50Time Frame: 1 Minute